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The MHADA (Maharashtra Housing and Area Development Authority) will now be handling PMAY projects and related affairs.
The reasons
A desire to expedite these housing projects while ensuring proper support, per MHADA. It wants to ensure higher transparency in the space. The State Housing Ministry has already empowered it for sanctioning PMAY funds and projects alike.
The winds of change
1️⃣ MHADA can rap developers for violations or delays.
2️⃣ More PMAY manpower and new technical team for updates.
3️⃣ MHADA still requires the State Housing Department’s prior permission for sanctioning permissions/fund disbursal.
4️⃣ What will change on the ground is faster project execution and higher transparency.
Will the end-user benefit?
Time will tell. For now, the tidings look positive, especially for innumerable aspiring homebuyers eyeing these projects.